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In addition, I have other credit cards that earn high percentages of money back for certain functions. The Chase Freedom card and the Discover It card may earn 5% cash back on purchases in specific categories that rotate every month. I really like being able to rack up 5% cash back to things I need to buy anyway, such as groceries and gasoline. .
Personally, I prefer cash back credit cards to travel benefits since I find that the points system on a lot of travel rewards cards to be confusing. But many men and women love being able to earn points on travel rewards cards. If thats the case for you, see this page to see an updated listing of the best travel rewards credit cards. .
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Credit card companies arent the only ones who are willing to pay you to open an account. Some banks will give you a bonus only for opening a checking account or savings account. Again, this isnt something that youre going to do all of the time, but it's an easy method to make a small amount of additional money with no work involved. .
Capital One is currently offering a $25 bonus for opening a checking account or savings account (for new clients ).
If you want to put your money to work but youre not comfortable picking and managing the investments , a robo advisor could be a great match for you. There are a growing number of companies offering these services. Youll enter some information related to your age, goals, and risk tolerance, and they'll handle the rest.
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Blooom is a robo advisor that specializes in 401(k) accounts. You can get a free analysis of your 401(k) to view Bloooms recommendations. If you choose to use their support it will cost you $10 per month, fixed amount rather than a percentage of your investments.
Betterment is one of the hottest robo advisors. Betterment will direct you through personalized planning based on your personal situation, and then it will create a diversified portfolio and weblink automatically rebalance it. The price is 0.25% off your balance, annually.
In relation to being passive, it doesnt get much more passive than allowing technology to perform the job for you.
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One way to invest and make money passively would be to automate the process. Acorns is an program which can invest your spare change . When you make a purchase it will round up to the next dollar and invest the difference. You can get more even set up automatic recurring investments in case youd prefer to develop your account quicker. .
If youre looking for a passive side hustle, just about allowing your car to be used as an advertisement
There are some different companies out there which meet up advertisers with car owners who want to generate some extra money. It could be a back window advertisement, panel, or full wrap. The advertisement will be removable, will not harm your vehicle, and theyll really install it to you.
Some of the biggest companies in this industry are:.
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One way to earn some money without much effort would be to rent out your stuff to other people. There are a lot of possibilities here, and it really depends on what you've got, and what you dont mind other people using. Fortunately, there are also several websites that enable you to record your items for rent, and make it effortless for renters to find you. .
Fat Lama In Fat Lama you can rent nearly anything from electronics, to sporting goods, to infant items.
Style Lend At Style Lend you can rent womens fashion products, like clothes and accessories. If you have a closet full of nice clothes this can be a nice, simple side hustle for you.
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BabyQuip At BabyQuip you can rent all kinds of baby things from cribs to toys to safety gates. This can be an perfect side business, particularly if youre situated in a area that attracts a lot of tourists and vacationers that may not have the ability to bring everything out of house.
Getaround and Turo These try this site two sites allow you to record your car for rent. People can rent out of you rather than going to one of the significant chains, and you can make a couple thousand dollars per year doing it.
RVshare RVshare permits you to list an RV for rent, which can be a potentially lucrative side hustle.
Boatsetter and GetMyBoat In case you've got a boat which you dont use very often, list it for rent on one of those sites.
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When you've got a spare bedroom in your house you may make some money without too much effort by allowing someone to rent the room. It might be a local school student, a single person looking for a cheap place to live, or you could rent it out nightly. A favorite side hustle would be to use websites such as:.